Calgary home inventory skyrockets to levels not seen in years
Another month, another report, and June has an interesting story to tell. It looks like buyers who have been begging for relief in the housing market might be getting their wish, since home inventory in Calgary continues to climb.
According to the Calgary Real Estate Board (CREB) June housing statistics, home inventory levels in Calgary rose once again. This is both when compared to the prior month and to this time last year.
By the end of June 2025, inventory in the city reached 6,941 units. These are levels that haven’t been seen since 2021, before Calgary’s population boom.
Sales, on the other hand, are still looking pretty in line with long-term trends, despite a dip in recent months. The increase in new listings compared to sales is likely what’s contributing to the inventory gain.
So what type of homes are flooding the market? It seems like all property types are gaining in inventory, but row and apartment-style homes are standing out with inventory levels over 30 per cent higher than previous long-term trends. While detached and semi-detached inventory has also gone up, the jump is not as significant.
The unadjusted benchmark price in Calgary has also gone down to $586,200 in June, although most of this is driven by steeper price drops for apartments and row homes.
While detached and semi-detached home prices have remained relatively stable, apartments and row-style homes are looking like a buyer’s market. Not only have prices decreased in this segment, but there is also an estimated four months’ worth of supply.
For those who are apartment hunting, this could be great news!
CREB Calgary Housing Statistics June 2025
“Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options,” said Ann-Marie Lurie, chief economist at CREB.
“The additional choice, combined with no further declines in lending rates, persistent uncertainty, and concerns of price adjustments, is keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row-style homes.”
While it does seem like conditions in Calgary are changing for the better, it’s still not enough to erase the price growth of the last four years.